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Polyester industry chain: The rise of raw materials supports narrow consolidation of the polyester market

89,670
October 25, 2023, 4:17 PM

I. the market trend chart of polyester industry chain

On October 25th, the market price index of ethylene glycol was 4046.37, up 16.95 from the previous working day.

 

On Oct. 25, China's PTA market price index was 5825, up 90% from the previous working day.

 

On October 25th, the market price of polyester chips was 6750, up 25% from the previous working day. The market price index of polyester bottle chips was 6825 the same as that of the previous working day.

 

II. Summary of market price of polyester industry chain

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

PTA

Spot

East China

5825

5735

+90

Self-withdrawing tax, yuan / ton

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

Glycol

Polyester grade

East China

4040

4000

+40

Self-withdrawing tax, yuan / ton

Polyester grade

South China

4100

4100

0

Short delivery including tax, yuan / ton

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

Polyester chip

Semi-light section

East China

6750

6725

+25

Factory includes tax, yuan / ton

Light slicing

6800

6800

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

Polyester bottle chip

Aquarius level (IV.=0.8)

East China

6825

6825

0

Factory includes tax, yuan / ton

Oil bottle grade

6825

6825

0

Factory includes tax, yuan / ton

Hot pot grade

6825

6825

0

Factory includes tax, yuan / ton

Carbonic acid grade

6925

6925

0

Factory includes tax, yuan / ton

Aquarius level (IV.=0.8)

South China

6825

6825

0

Factory includes tax, yuan / ton

Oil bottle grade

6825

6825

0

Factory includes tax, yuan / ton

Hot pot grade

6825

6825

0

Factory includes tax, yuan / ton

Carbonic acid grade

6925

6925

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

Polyester filament

Jiangsu and Zhejiang market POY150D/48F

East China

7525

7525

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market FDY150D/96F

8150

8150

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market DTY150D/48F

8800

8800

0

Factory includes tax, yuan / ton

Jiangsu and Zhejiang market POY75D/72F

7700

7700

0

Factory includes tax, yuan / ton

Product

Specifications

Market

2023.10.25

2023.10.24

Rise and fall

Remarks

Polyester staple yarn

Semi-glossy white 1.56: 38

Jiangsu Province

7400

7375

+25

Factory includes tax, yuan / ton

Semi-glossy white 1.56: 38

Zhejiang

7425

7425

0

Factory includes tax, yuan / ton

III. Brief introduction of Polyester Industry chain Market

PTA

Today, the spot market of PTA in East China continues to rise, with a reference of 5825 yuan / ton. This week and next week, the main port delivery 01 litre water 15-30 near the transaction and negotiations. The atmosphere of the commodity market improved, and the PTA futures market continued to rebound. Spot base margin rebounded slightly, rigid demand from traders and polyester factories increased, and market trading was OK. It is expected that the short-term market will maintain a narrow adjustment.

Glycol

Today, the market price of ethylene glycol is narrow and strong. The improvement of the commodity market atmosphere has boosted the market mentality, and the focus of negotiations in the ethylene glycol market has risen slightly. The quotation in East China revolves around 4040 yuan / ton, up 40 yuan / ton from the previous working day. The quotation in South China is around 4100 yuan / ton. Ethylene glycol port inventory remains high, downstream polyester load remains high, while the procurement mentality is cautious, the supply and demand side performance is stable. Lack of continuous drive in the market, it is expected that the ethylene glycol market will adjust narrowly in the short term.

Polyester chip

Today's polyester chip market is narrowly arranged. Boosted by the rebound of the polyester raw material PTA market, polyester chip manufacturers offer stable, individual factory discount space moderately narrowed, the market transaction center of gravity is stable and warm, but the market low-price supply still exists. Downstream rigid demand replenishment, low-price supply transactions are better. It is expected that the polyester chip market will maintain the finishing operation in the short term.

Polyester bottle chip

Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material PTA market is stronger, cost end support, bottle chip manufacturers offer a small adjustment, market offer on the low end; downstream demand is weak, the market trading atmosphere is general. It is expected that the short-term lactone bottle market may maintain finishing.

Polyester filament

Today's polyester filament market fluctuates in a narrow range. Polyester raw material PTA market pull up, cost side support, polyester filament factory quotation is stable, preferential range narrowed, market transaction center of gravity change is limited. Some enterprises promote shipments, and local production and sales pick up. It is expected that the market price of filament will be arranged in a narrow range in the short term.

Polyester staple fiber

Today, the market of polyester staple fiber is strong. Polyester raw materials PTA market boosted, staple fiber market negotiations prices rose slightly. Downstream active stock-based, market production and marketing is better. It is expected that the short-term market price of polyester staple fiber will be adjusted slightly.

IV. Polyester Raw material Futures Market

PTA:  October 25th PTA main 2401 contract opening price: 5780, lowest price: 5728, highest price: 5898, closing price: 5800, settlement price: 5804, up 80, position: 1406024.

 

Ethylene glycol: October 25th EG main contract 2401 opening price: 4098, lowest price: 4088, highest price: 4134, closing price: 4126, settlement price: 4113, up 40, position: 509393.

V. production and marketing data of polyester market

Product

2023.10.25

2023.10.24

Rise and fall

Unit

Polyester chip

75%

75%

0%

%

Polyester filament

55%

55%

0%

%

Polyester staple fiber

130%

75%

+55%

%

VI. Future forecast

The international crude oil market fluctuates at a high level, polyester raw material PTA and ethylene glycol market are supported by supply and demand, it is expected that the short-term market will adjust narrowly, polyester raw material side will promote, polyester market offer will be adjusted with cost, downstream rigid demand for stock, market mentality is cautious. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.